LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad
John: Hey everyone, I’m John, your go-to veteran writer here at Blockchain Bulletin, where I break down the wild world of Web3, crypto, and blockchain in simple terms that won’t leave you scratching your head. Today, we’re diving into the exciting launch of LeverUp, an LP-free perpetuals exchange powered by Monad—think of it as a game-changer for decentralized trading. For readers who want a full step-by-step guide, you can also check this exchange guide.
Lila: Hi folks, I’m Lila, John’s curious assistant always eager to learn more about crypto without getting lost in the jargon. So, John, what’s all the buzz about this LeverUp thing— is it like a new app for trading crypto futures?
What is LeverUp?
John: Great question, Lila. LeverUp is a brand-new decentralized perpetuals exchange that launched on 2025-11-06, designed to let traders bet on crypto prices without needing traditional liquidity providers. It’s built on the Monad blockchain, which helps it offer features like zero-fee trading and super high leverage—up to 1001x, according to recent reports from Crypto Daily and Bitcoin Ethereum News.
Lila: Perpetual exchanges? That sounds like something that never ends. Can you explain what that means in plain English?
John: Absolutely—perpetual contracts are like futures contracts but without an expiration date, so you can hold your position as long as you want. Imagine betting on whether Bitcoin will go up or down, but you don’t have to close the bet by a certain time; it’s ongoing, like a never-ending sports wager (just don’t bet the farm on it, folks!). As of now, LeverUp eliminates the need for LPs, which are those pools of money that usually back trades, making it more flexible for users.
The Role of Monad in Powering LeverUp
Lila: Okay, got it. Now, what’s Monad? Is it some kind of magic behind the scenes?
John: Monad is a high-performance layer-1 blockchain that’s all about speed and scalability—it’s like the Ferrari of blockchains, processing transactions way faster than some older networks. LeverUp chose it because Monad enables uncapped market depth and handles high-volume trading without hiccups. From what I’ve seen in updates on Decrypt and ZyCrypto, this partnership was key to LeverUp’s launch on 2025-11-06, backed by investors like Makers Fund.
Lila: That sounds speedy! Has Monad been around long, or is this a new kid on the block?
John: In the past, Monad has been in development, with pre-market perpetual contracts for its token MON appearing on platforms like Pacifica DEX as early as late October 2025. As of now, it’s live and powering LeverUp, offering a decentralized alternative to centralized exchanges. Looking ahead, this could set the stage for more apps on Monad, but remember, it’s still early days—no speculation, just the facts from reliable sources like Cointelegraph-style reports.
Key Features and Benefits of LeverUp
John: Let’s talk features—LeverUp boasts zero trading fees, which means no extra costs eating into your profits, and leverage up to 1001x for those bold enough to amplify their trades. It also provides uncapped open interest, so there’s no limit on how much you can trade, unlike some LP-dependent platforms. Based on Chainwire and Tech Startups articles from 2025-11-06, this makes it a full-scale DeFi platform for both beginners and pros.
Lila: Leverage up to 1001x? Whoa, that sounds intense. Like borrowing a ton of money to bet bigger?
John: Spot on—leverage lets you control a larger position with less of your own money, but it’s risky (more on that later). For example, with 100x leverage, a $100 investment could control $10,000 worth of crypto. And here’s a light aside: if crypto trading was a video game, this would be like unlocking god mode, but without the cheat codes to save you from wipeouts!
Lila: Haha, noted. What else stands out?
John: Well, being LP-free means no reliance on liquidity pools, reducing risks like impermanent loss for providers. Users get a flexible trading experience with real-time settlements, all on Monad’s efficient network.
How LeverUp Differs from Traditional Exchanges
Lila: So, how does this compare to something like Binance or other big exchanges I’ve heard of?
John: Traditional centralized exchanges (CEXs) like Binance handle perpetuals too, but they’re custodial—meaning they hold your funds. LeverUp is decentralized (DeFi), so you keep control of your wallet, which is empowering but requires more responsibility. From recent news on CryptoPotato dated 2025-11-07, LeverUp’s model avoids LP issues, offering deeper markets without the fees that CEXs often charge.
John: In the past, DeFi perps relied heavily on AMMs (automated market makers), which could lead to slippage during big trades. As of now, LeverUp’s LP-free approach, powered by Monad, aims to fix that with better efficiency.
Risks and Safeguards in Using LeverUp
Lila: Risks? Yeah, that high leverage sounds scary. What should beginners watch out for?
John: High leverage can amplify losses just as much as gains— a small price move against you could liquidate your position fast. Also, since it’s DeFi, smart contract risks exist, like potential bugs, though Monad’s tech is built for security. Always use trusted wallets and start small; no humor here, as safety is serious.
John: Safeguards include using hardware wallets for security and setting stop-loss orders to limit downside. Regulatory-wise, as of 2025-11-07, DeFi platforms like this operate in a gray area, so check local laws—sources like CoinDesk emphasize knowing your jurisdiction.
Tips for Getting Started with LeverUp
Lila: Any practical tips for someone like me who’s intermediate but cautious?
John: Sure, here’s a quick list to get you going:
- Connect a compatible wallet like MetaMask to Monad’s network—it’s straightforward and takes just minutes.
- Start with low leverage, say 5x or 10x, to test the waters without big risks.
- Monitor market depth; LeverUp’s uncapped feature means you can trade larger volumes confidently.
- Stay updated via official Monad and LeverUp channels for any protocol changes.
- Remember, only trade what you can afford to lose—classic advice from sources like TheStreet Crypto.
John: And if you’re new, practice on testnets if available; it’s like a dress rehearsal before the real show.
Looking Ahead: The Future of LeverUp and Monad
Lila: What’s next for this? Any big developments on the horizon?
John: Looking ahead, with Monad’s growth, we might see more integrations or even token launches—though nothing confirmed yet. As of 2025-11-07, LeverUp is live and gaining traction, potentially reshaping DeFi perps. Keep an eye on updates from reliable sources like Markets Insider for any expansions.
John: Well, folks, that’s a wrap on LeverUp—it’s an innovative step in DeFi trading that could make perpetuals more accessible and efficient. Whether you’re a newbie or seasoned trader, tools like this show how blockchain is evolving to empower users. And if you’d like even more exchange tips, have a look at this global guide.
Lila: Thanks, John—that cleared up a lot! My takeaway: LeverUp sounds like a fresh way to trade without the usual hassles, but always trade smart and stay informed.
This article was created using the original article below and verified real-time sources:
- LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad
- LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad – Crypto Daily
- LP-free decentralized perps exchange LeverUp launches on Monad offering up to 1001x leverage
- LeverUp Launches LP-Free Perpetuals Exchange on Monad, Redefining DeFi Trading
- LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad – Decrypt